I just put the finishing touches on the November, 2008, Gwinnett County Georgia Market Report. It is pretty interesting. For the first time in a while there is something that was unexpected that snuck in on me..
Category Archives: news
Gwinnett County Market Report, November 2008
- Monday, 03 November 2008 23:44
- Written by Lane Bailey
- 2 Comments
Abandon all hope on Atlanta area roads Friday!
- Tuesday, 28 October 2008 10:16
- Written by Lane Bailey
- 0 Comments
Friday is halloween. And the little ghouls and goblins prnacing around with sacks and costumes won’t be the only scary thing…
Halloween is the WORST traffic day in Atlanta all year…
And this year it is a double down bonus. Fridays are usually the worst drive home traffic of the week… and Halloween is on a Friday. Expect and plan for terrible traffic.
Even getting out of work early doesn’t really help… in fact, if you aren’t going to be parading kids around for Halloween, staying at work a little late might be a good strategy. The traffic comes early on Fridays AND Halloween. Expect to see it get ugly by 4:00 Friday afternoon.
Talk to the boss. It would be a great day to telecommute… or take a personal day.
Don’t say you haven’t been warned…
Got money to lend…
- Thursday, 23 October 2008 23:27
- Written by Lane Bailey
- 0 Comments
I was talking with one of my mortgage brokers today… We are planning on doing a few podcasts, and he is a pretty cool guy, so we like to jabber every once in a while anyway. But there were a couple of things that Ken said to me as I was wandering around the store looking for birthday presents for a 4 year old and a 2 year old.
Lane, I have money here and I can’t find anyone to take it…
I’m watching the news, and I’m reading about the real estate markets and the “credit crisis”… and from that I get the impression that
Housing starts fall to the lowest level in 17 years… and it is good!
- Friday, 17 October 2008 21:22
- Written by Lane Bailey
- 0 Comments
Just off the wires in the latest housing news…
WASHINGTON (MarketWatch) — Construction of new homes dwindled to the second-lowest level in 50 years last month, as home builders sought to reduce the number of unsold inventories in an elusive quest to find the bottom of the historic housing collapse, according to government data Friday.
Housing starts fell 6.3% in September to a seasonally adjusted annual rate of 817,000, the lowest since January 1991 and just 19,000 above the record low, the Commerce Department estimated.
Starts of single-family homes tumbled 12% to an annual rate of 544,000, the lowest since February 1982 and the fourth-lowest ever. Read the full government report.
Housing starts were also revised lower in July and August. Starts in August were revised to 872,000, down from 895,000.
Of course, the big question is how can this be GOOD news?
It comes down to
That’s why we play the game…
- Thursday, 09 October 2008 23:20
- Written by Lane Bailey
- 0 Comments
I am hearing a score of different opinions about how this rescue or that bailout is going to affect the credit market, stock market or housing market. Seldom do the agree… most float to the extremes:
- It won’t have an effect at all, it is wasted money
- If we don’t, the world will crash down around us
